Gold price (XAU/USD) trades close to a fresh all-time high of around $2,260 ahead of a busy week in the United States’ economic calendar.
Gold price corrects slightly after refreshing a new all-time high at $2,265 ahead of US data-packed week. Jerome Powell sees the pace of decline in February’s core PCE inflation aligned with the Fed’s required rate. Investors await the US ISM Manufacturing PMI for fresh guidance on the US Dollar’s next move. Gold price trades close to a fresh all-time high of around $2,260 ahead of a busy week in the United States’ economic calendar.
In Monday’s session, market participants will keenly focus on the US ISM Manufacturing PMI for March, which will be published at 14:00 GMT. The factory data is estimated to increase to 48.4 from 47.8 in February, below 50.0 or the 16th month in a row. A figure below the 50.0 threshold suggests that the business activity in the US manufacturing sector contracted in this period. Technical Analysis: Gold price prints fresh highs at $2,265 Gold price refreshes all-time highs at $2,265.
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